KARACHI: Directorate of Internal Audit – Inland Revenue – Karachi has arrested one Nawab Zaman accused of depriving national exchequer of billions of rupees. He is the main accused as per FIR No: 01/2022, lodged about a month ago.
A 5-day remand of the accused person has also been acquired from Customs & Taxation Court, Karachi.
Information was passed through Director Muhammad Ali to Deputy Director Asif Ali Abro regarding sales tax evasion by certain importers. Asif Abro assigned IO Dhani Bux to scrutinize the data.
Nawab Zaman is accused of tax fraud, failure to deposit due tax in national exchequer, making false declarations, making payments out of banking channels causing a revenue loss of Rs1.2 billion approximately.
According to the FIR, Nawab Zaman got sales tax registration in FBR by fraudulent means with intention to commit the tax fraud. Accused operated via Tamnna Industries and adopted all means of deceiving the department.
Sources privy to investigation revealed that accused Nawab Zaman’s CNIC was misused in Karachi for registration of Companies of (Textile & Battery Sectors) & for opening of bank accounts in various branches in Karachi.
The wife of accused is also listed as beneficiary under Benzir Income Support Program and Ihsas Program.
An official said this is another major scandal of Benami Transactions. Further investigations are underway to nab the mastermind after following his digital footprints.